Monday, May 19, 2008

The rise of Islamic finance | Islamic Finance and Banking

The rise of Islamic finance | Islamic Finance and Banking: "
Finance that complies with Shariah, or Islamic law, is still a niche within the ethical investing niche. In all, there are at least $500bn worth of Islamic finance assets worldwide. That's not much in terms of global banking - US banks alone hold about $12.7 trillion in assets.

But the industry's growth is eye-catching: Islamic banking has expanded by more than 10% annually over the past decade, according to Standard & Poor's. It's grabbing the attention of some of the biggest banks in the world and changing how they do business."

1 comment:

Ron Robins said...

I thought that after seeing your blog and this posting on Islamic finance that you and some of your readers might find my site useful. It covers the latest global news and research on ethical investing, including that related to Shariah finance.

The site is at

Best wishes, Ron Robins